CMO
CMO
CMO - Chrometco Limited - Trading Statement
Chrometco Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/026265/06)
Share code: CMO ISIN: ZAE000070249
("Chrometco" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited relating to Trading
Statements, a listed company is required to publish a trading statement as soon
as it becomes aware that the financial results for the next period to be
reported on will differ by at least 20% or more from those of the previous
corresponding period.
Shareholders are advised that the company expects the following results for the
year ended 29 February 2012:
Headline loss per share of between 8 - 9 cents per share (2011: Loss of 4, 11
cents per share). Change of 94% to 119%.
Earnings per share of between 51 - 54 cents per share (2011:Earnings of 2, 8
cents per share). Change of 1732% to 1840%.
Net asset value per share of between 91 - 94 cents per share (2011:21 cents per
share). Change of 334% to 348%.
The results for the year have been affected by IFRS requirements relating to the
rerecognition of the ownership of the group`s mining assets at fair value
pursuant to the intended sale not being agreed by shareholders, and related
matters including additional taxation provisions which are expected to be one-
off non-recurring items, as well as costs relating to the commencement of mining
operations in December 2011.
The financial information on which this trading statement is based has not been
reviewed or reported upon by the company`s auditors. The company`s results for
the twelve month period ended 29 February 2012 are expected to be published on
or about 11 May 2012.
08 May 2012
Designated Advisor
Sasfin Capital
A Division of Sasfin Bank Limited
Date: 08/05/2012 09:27:01 Produced by the JSE SENS Department.
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